New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter L - New York State Urban Development Corporation
Part 4227 - Child Care Facilities Construction Program
Section 4227.4 - Child care construction grants
Current through Register Vol. 46, No. 12, March 20, 2024
A proposed project shall be eligible for assistance from the corporation in the form of a child care construction grant, provided that:
(a) Eligible project. The proposed project constitutes an eligible project.
(b) Eligible recipient. The applicant for assistance from the corporation shall be an eligible recipient.
(c) Eligible costs. The child care construction grant shall be used for general project development costs, including, but not limited to:
(d) Construction and permanent financing. The child care construction grant may be used for either construction or permanent financing of eligible costs of an eligible project.
(e) Ineligible costs. The child care construction grant may not be used to finance any expense incurred prior to the initiation of the application process for assistance from the corporation under the program. For an otherwise eligible project, however, such expenses may be taken into consideration in determining total project costs.
(f) Levels of funding. The maximum amount of assistance from the corporation in the form of a child care construction grant shall not exceed the following: